Securities Fraud

The share price of  Facebook stock is seen at the Nasdaq stock market in New York. (Spencer Platt/Getty Images)

Investment Adviser Pleads Guilty To Facebook Stock Fraud

A Florida investment adviser has pleaded guilty in a $13 million securities fraud scheme that prosecutors say capitalized on enthusiasm for Facebook shares.


71-year-old Aldo Joseph Baccala of Petaluma is accused of stealing $20 million from investors in a Ponzi scheme. (CBS)

Petaluma Man Accused In $20 Million Ponzi Scheme Delays Entering Plea

The Sonoma County District Attorney’s Office and California Attorney General Kamala Harris filed a 164-count complaint Thursday against a Petaluma man suspected of stealing $20 million from dozens of investors in an alleged securities fraud Ponzi scheme.



Petaluma Man Arrested In Multimillion Dollar Ponzi Scheme

A Petaluma man who allegedly stole more than $20 million from dozens of investors in a Ponzi scheme has been arrested, Attorney General Kamala Harris and Sonoma County District Attorney Jill Ravitch announced Tuesday.



Fremont Woman Arrested In Insider Trading Crackdown

Federal authorities have arrested a California woman in a continuing crackdown on employees of research firms who feed inside information on publicly traded companies to hedge funds.

CBS San Francisco–12/29/2010


Appeals Court Reverses McAfee Former CFO Fraud Conviction

A federal appeals court has tossed out the securities fraud conviction of McAfee Inc.’s former chief financial officer.

CBS San Francisco–12/10/2010

Larry Wilcox, "CHiPs" Actor, Charged with Securities Fraud

‘CHiPs’ Actor Larry Wilcox Charged With Securities Fraud

Federal regulators have accused actor Larry Wilcox of securities fraud.

CBS San Francisco–10/08/2010